The Global Sports & Entertainment division of Morgan Stanley is an official “Institutional Financial Advisor” participant for the NFL Players Association, according to an announcement from the financial services firm. Last year, the NFLPA gave players access to advisors from select financial institutions, which are based on capabilities and the range of services offered.
As the newest participant, Morgan Stanley Global Sports & Entertainment will now be able to work with football players that are members of the players union.
“As players continue to navigate the challenges presented by the pandemic, this could not come at a better time to help them build financial security,” said Dana Shuler, NFLPA senior director of player affairs, in a statement. “Our union’s player members will have the opportunity to work with yet another institution that possesses a strong reputation for financial services.”
Morgan Stanley began working with the NFLPA in 2002, but didn’t receive designation as an Institutional Financial Advisor until now. “This designation marks the next chapter of our incredibly fulfilling partnership and allows us to bring the full services of our Firm to current and past NFL players,” said Mandell Crawley, head of the firm’s private wealth management group, in a statement.
The firm's Global Sports & Entertainment division was founded in 2014.